Eigen Labs discloses the handling of investor staking rewards and prohibits the team from participating in staking for at least one year

2024-10-02 14:11:47
Collection

ChainCatcher message, Eigen Labs and the Eigen Foundation released information regarding the handling of investor staking rewards on X, with the following key points:

  1. The total annual rewards provided to EIGEN stakers is capped at 1% of the initial total supply, which corresponds to 25% of programmatic incentives being allocated for EIGEN staking each year, while the remaining 75% is allocated for ETH and ETH-equivalent staking;
  2. Investors can stake EIGEN and non-EIGEN assets on EigenLayer, and investor contracts must allow investors to stake EIGEN, with any rewards needing to be unlocked;
  3. All EIGEN stakers can receive up to 1% of the initial total supply of EIGEN per year, claimable weekly, and it will take a full year to be released linearly; this 1% includes all EIGEN stakers, including investors;
  4. Both Eigen Labs and the Eigen Foundation prohibit their teams from participating for at least one year, which is different from other protocols that allow teams to stake from day one;
  5. Investors are not eligible for Stakedrops based on EIGEN staking; they will only begin to receive EIGEN staking rewards through future programmatic incentives.
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